Loading...
•
Dec 31, 2020
Inseego Q4 2020 Earnings Report
Inseego reported fourth quarter and full year 2020 financial results.
Key Takeaways
Inseego Corp. reported Q4 net revenue of $86.1 million, GAAP operating loss of $8.6 million, GAAP net loss of $12.7 million, GAAP net loss of $0.14 per share, adjusted EBITDA of $7.0 million, and non-GAAP net loss of $0.07 per share. Year-end cash and cash equivalents were $40.0 million.
Q4 2020 net revenue was $86.1 million, up 64.5% year-over-year.
Year-end cash balance of $40.0 million with zero bank debt.
Launched new 5G solutions in multiple regions including North America, Europe, the Middle East, and Japan.
Increased Inseego Manage cloud subscriptions to over 3.5 million subscriptions.
Forward Guidance
In 2021, Inseego is focused on bringing new 5G solutions to carrier customers globally, expanding into the enterprise market and driving growth of their cloud SaaS business.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...